Global Transportation Management Systems (TMS) Market 2015-2019
TMS is used to plan freight movements. It helps customers plan and execute transportation efficiently across the supply chain. It offers a number of services such as strategic planning and optimization, freight consolidation, and freight audit and payment, which helps maximize efficiency and reduce transportation costs. TMS also helps businesses improve their logistics by reducing transportation costs and improving overall efficiency. In addition, it improves communication between shippers and carriers, enabling them to share information in real time.
Technavio's analysts forecast the global TMS market to grow at a CAGR of 6.95% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global TMS market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the issue of new licenses, subscriptions, installations, updates, technical support, and software maintenance. It also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. To calculate the vendor share, the report considers revenue obtained from the software business divisions of the vendors in the market. The global TMS market has been segmented on the basis of solutions offered and services provided.
Technavio's report, Global TMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, Europe, and MEA; it also covers the landscape of global TMS market and its growth prospects in the coming years. It also discusses the major drivers that influence the growth of the market and summarizes the challenges faced by the vendors and the market at large, and the key trends that are emerging in the marketKey Regions
Technavio Announces the Publication of its Research Report – Global Transportation Management Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Transportation Management Systems Market: Descartes Systems, JDA Software, Manhattan Associates, Oracle and SAP
Other Prominent Vendors in the market are: 3Gtms, Accellos, Acuitive Solutions, Agile Network, Agistix, Aljex Software, Amber Road, Argos Software, CargoSmart, Cerasis, Cirrus TMS, Cloud Logistics, CT Logistics, CTSI-Global, GT Nexus, HighJump Software, IBM, Inet-logistics, Infor, Kewill, LeanLogistics, Logility, MercuryGate, One Network Enterprises, Precision Software, Roadnet, Technologies, TMW Systems, TransWorks and Wolters Kluwer Transport
Commenting on the report, an analyst from Technavio’s team said: “High-end advances in technology in other fields have affected the TMS market. Adoption of cloud-based on-demand models makes the vendor the IT equivalent of a 3PL provider. Cloud-hosted virtualized information reduces the investment that would have been required for tangible systems. Also, TMS vendors are partnering with RFID providers to develop integrated solutions because they have made R&D investments without much return. RFID systems increase efficiency by reducing manual inputs and broadcasting signal information about the location and specifications of the product in transit. Hence, labor costs are reduced and multiple operations can be streamlined. Accurate shipping and dispatch, warehouse activity control, and monitoring are optimized, leading to a high level of customer satisfaction.”
According to the report, SMBs and large enterprises need TMS systems because of similar operational challenges. On-premises deployment of TMS requires high paid-up capital, which is detrimental for firms with a low capital base. Hence, vendors are looking the blue ocean way and have started to provide SaaS models, where instead of paying huge upfront license fees, companies have to pay annual subscription fees. These rented systems are shared among users and provide great flexibility. Even though data security remains a concern, the demand for SaaS-based TMS solutions is definitely on the rise. These solutions also help in reducing labor costs because low manpower is needed on the premises.
Further, the report states that one of the main challenges for this market is the high cost of deployment, preventing enterprises from adopting TMS software.
Descartes Systems, JDA Software, Manhattan Associates, Oracle, SAP, 3Gtms, Accellos, Acuitive Solutions, Agile Network, Agistix, Aljex Software, Amber Road, Argos Software, CargoSmart, Cerasis, Cirrus TMS, Cloud Logistics, CT Logistics, CTSI-Global, GT Nexus, HighJump Software, IBM, Inet-logistics, Infor, Kewill, LeanLogistics, Logility, MercuryGate, One Network Enterprises, Precision Software, Roadnet, Technologies, TMW Systems, TransWorks, Wolters Kluwer Transport
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